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Ethereum $ETH Forecast: Monday Edition: Strongly Bearish

October 29 2018 20:59 UTC

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This edition features popular Ethereum $ETH price views from @ETHNews_ @investingcom & @nulltxnews. Or jump right to today’s Ethereum $ETH Forecast.

@ETHNews_

View: bearish

bearish

Aayush Jindal of @ETHNews_ illuminates "Ether’s price broke the key $200.00 support against the US dollar. ETH/USD is currently under pressure and remains at risk for more losses."

@investingcom

View: bearish

bearish

Automated Signal of @investingcom corresponds "DAILY Summary:Strong Sell
Moving Averages:Strong Sell > Buy (0) Sell (12)
Technical Indicators:Strong Sell > Buy (0) Sell (9)"
Published: 16:40:54 – Real-time Data

@nulltxnews

View: bearish

bearish

Shiraz Jagati of @nulltxnews says "First and foremost, it is important to recognize that Ether is currently facing some of its lowest investor confidence in quite some time. This is highlighted by the fact that the value of the premier digital asset has dropped by more than 80% over the past 10 months."

Ethereum $ETH Forecast

on Monday October 29 2018 20:59 UTC

bearishbearishbearish

The crypto pundits say: “bearish/bearish/bearish/”.

The reasons are varied but the forecast is unanimous: bearish.

Unfortunately the news gets worse. Bitcoin has lost over two percent in twenty-four hours and shows no sign of stabilizing. The Binance $BTC/USDT last price (press time) $6,334.87 24h Change -144.26 -2.23%. The effect of a nosing $BTC price will be to accentuate the losses in $ETH. As evidence: 2018-10-29 13:56:05 $ETH last price $195.95 24h Change -8.50 -4.16%. The facts are bitcoin $BTC dove -2.23% and ether $ETH dropped -4.16%.

It’s a three red bears forecast. Look for deeper Ethereum losses in the hours ahead.


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author does not hold Ethereum $ETH at the time of writing.

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